Tenanted Student Accommodation & Private Hotel with Over 25% Nett ROI –Durban Central

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Wednesday 27 August 2025 @ 09:00

Bidding End Time: Thursday 28 August 2025 @ 14:30

Registration is essential by Monday 25 August 2025.

Pre-Auction Offers may be considered.  Auction Finance Available.

For more information, please contact the listing agent.

DESCRIPTION:

Fantastic property running as student accommodation with Hotel - 5 years accredited student accommodation by NSFAS.

• Partially tenanted to 72 beds - students of Durban University of Technology (DUT) @ NSFAS rate @ ±R4,500 per student per bed.
• Tenanted to 50 private individuals @ ±R4,400 per room.
• Maximum capacity of 220 beds could generate ±R990,000 per month.
• About 1250m² of bulk available at potential 3 floors extra on building.
• Current income of ±R549,000 per month or ±R6.55 mil per annum.
• Less expenses of about R67,000 per month or R804,000 per annum.
• Nett income of ±R482,000 per month or ±R5.784 mil per annum.
• The property has a Liquor licence as well.

Massive Nett ROI of over 25%.

Pre-Auction offers excl. Claremart fee will be considered.

DETAILS:

• Erf no:  10810, Durban
• Erf size:  650m²
• Rates:  ±R9,315.16 per month
• Zoning:  General Residential 5

Web Ref:  753340

Transfer Duty Applicable

PAYMENT TERMS:

2.5% Deposit & 10% Auctioneers Fee (excl. VAT on fee), payable on the fall of the hammer by means of EFT only.  Balance payable on Transfer.

Sanjeev Boyjoonauth | 066 054 2211 | 021 425 8822 | sanjeev@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za